The Finnish handset maker will pay about $2.2 billion for the half of Nokia Siemens Networks that it doesn't already own.
Former chief of the Nokia Solutions and Networks unit becomes the telecom gear maker's CEO as Microsoft closes its deal for Nokia's handset unit.
Network equipment maker's CEO tells reporters that the joint venture is looking to unload noncore units to focus on mobile network equipment.
Peter Oppenheimer will retire this year. Taking his place will be Luca Maestri, currently vice president of finance and corporate controller.
The future of BlackBerry could be decided today as the troubled company hurtles towards today's deadline to find a buyer.
After it sells its phone business to Microsoft, Nokia will concentrate on its Here mapping services, its NSN network-equipment business, and licensing its technology and patents.
Due to the federal government's concerns over security, telecommunicatons gear maker has effectively been shut out of the American market for now.
That's the amount Nokia will pay Microsoft over the life of their agreement. Nokia, however, will continue to get financial support this year.
The mobile phone business exceeds expectations and, hallelujah, Nokia shows signs of "underlying profitability." Moving 4.4 million Lumia smartphones had to help.
CNET's Roger Cheng traveled to Finland to meet with employees of the struggling cell phone giant and to take the measure of CEO Stephen Elop's risky turnaround plans.